Alexandria Real Estate Equities Q1 2024 Earnings Preview
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Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
Alexandria Real Estate Equities trades on the NYSE stock market under the symbol ARE.
As of April 19, 2024, ARE stock price declined to $115.69 with 892,834 million shares trading.
ARE has a beta of 1.50, meaning it tends to be more sensitive to market movements. ARE has a correlation of 0.30 to the broad based SPY ETF.
ARE has a market cap of $20.24 billion. This is considered a Large Cap stock.
In the last 3 years, ARE stock traded as high as $224.95 and as low as $90.73.
The top ETF exchange traded funds that ARE belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.
ARE has underperformed the market in the last year with a price return of -2.2% while the SPY ETF gained +21.2%. ARE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.1% and -5.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.
ARE support price is $114.02 and resistance is $119.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARE stock will trade within this expected range on the day.